SES AI Corporation (SES)

SES AI Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2.04	-	-	-	-
Cost of Revenue	0.75	-	-	-	-
Gross Profit	1.29	-	-	-	-
Selling, General & Admin	38.4	47.48	51.61	16.49	4.46
Research & Development	72.14	30.68	27.97	15.51	9.44
Operating Expenses	110.54	78.16	79.57	32.01	13.9
Operating Income	-109.25	-78.16	-79.57	-32.01	-13.9
Interest & Investment Income	15.04	16.69	6.2	0.25	0.08
Currency Exchange Gain (Loss)	0.2	0.3	0.1	-0.2	-
Other Non Operating Income (Expenses)	-1.18	0.03	-1.89	-0.11	-0.06
EBT Excluding Unusual Items	-95.19	-61.15	-75.17	-32.07	-13.88
Gain (Loss) on Sale of Investments	0.5	0.1	-	-	-
Other Unusual Items	-5.31	6.8	25.43	0.84	-
Pretax Income	-100	-54.25	-49.74	-31.23	-13.88
Income Tax Expense	0.19	-0.85	1.26	0.03	0.01
Net Income	-100.19	-53.4	-50.99	-31.26	-13.89
Net Income to Common	-100.19	-53.4	-50.99	-31.26	-13.89
Shares Outstanding (Basic)	322	315	288	61	61
Shares Outstanding (Diluted)	322	315	288	61	61
Shares Change (YoY)	2.15%	9.28%	371.94%	0.51%	494.54%
EPS (Basic)	-0.31	-0.17	-0.18	-0.51	-0.23
EPS (Diluted)	-0.31	-0.17	-0.18	-0.51	-0.23
Free Cash Flow	-78.29	-72.18	-61.15	-38.94	-11.99
Free Cash Flow Per Share	-0.24	-0.23	-0.21	-0.64	-0.20
Gross Margin	63.14%	-	-	-	-
Operating Margin	-5355.29%	-	-	-	-
Profit Margin	-4911.03%	-	-	-	-
Free Cash Flow Margin	-3837.84%	-	-	-	-
EBITDA	-100.94	-72.62	-76.98	-30.34	-12.2
D&A For EBITDA	8.31	5.54	2.6	1.66	1.71
EBIT	-109.25	-78.16	-79.57	-32.01	-13.9

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q